Business Standard

Sun Pharma gains on acquisition of URL generic biz

Upon completion of the purchase, the non-colcrys generic assets of URL Pharma will be owned and managed by Caraco.

Related News

Sun Pharmaceutical Industries is trading higher by 2% at Rs 732 after the company said it has buys generic business of pharma through its subsidiary for an undisclosed amount.

“Caraco Pharmaceutical Laboratories, wholly-owned subsidiary of the company, has entered into a definitive agreement with Pharmaceuticals U.S.A., Inc, a wholly-owned subsidiary of Takeda Pharmaceutical Company, to buy the URL Pharma, Inc. generic business,” said in a statement.

Upon completion of the purchase, the non-colcrys generic assets of URL Pharma will be owned and managed by Caraco. The deal is subject to satisfaction of customary closing conditions, including applicable regulatory approvals, it added.

The stock opened at Rs 727 and hit a high of Rs 733 on the NSE. A combined 138,547 shares have changed hands on the counter in morning deals.

Read more on:   
|
|

Read More

Two entities fail to make prima facie case to revoke ban: Sebi

The Securities and Exchange Board of India (Sebi) today said the restraining order on two entities, related to plunge in some mid-cap stocks in July, ...

Quick Links

 

Market News

Markets come off day's highs; TCS down 1.5%

Markets came off their day's highs in late trades amid profit taking in FMCG and private bank shares

Commodity super cycle turning downward, says RBI

In latest commodity super-cycle, inflation-adjusted prices of commodities rose 60-500% between 1999 and 2010

MCX-SXCCL seek candidates for Managing Director, CEO post

Candidate should be an MBA or CA, or post grad in economics or commerce with 15 years in capital markets, finance or management; Should be under ...

Nifty reclaims 8,000; Sensex up 200 points

Sensex is at 26,806 with a gain of 200 points while Nifty has gained 61 points and is at 8,019.

Sensex up 100 points; Rate sensitive stocks gain

The 30-share Sensex is up 100 points at 26,704 and 50-share Nifty is up 30 points at 7,989.

Back to Top